Price failed to break market structure on MATIC so people got trapped on shorts there. Bullish divergence has formed and is playing out right now. If price manages to break the 1.649 key level we could see price take off to the next key level, although I would place my Profit Target at 1.860 (which is the 161.80% fibonacci level). If price is unable to break that level, we can potentially see a new Lower Low being formed. Entry could be placed upon confirmation of breakout of the 1.649 key level, with a stop loss below that level.